News

BRIDGEPORT, CT - People’s United Bank, N.A. today announced the completion of its acquisition of Philadelphia, PA based LEAF Commercial Capital, Inc. The transaction brings the total assets of People’s United equipment finance units to approximately $4 billion, which ranks as the 16th largest bank-owned equipment finance entity in the country, and is immediately accretive to People’s United earnings.

On July 19, People’s United Financial, Inc. announced it had signed an agreement to acquire LEAF Commercial Capital – a Philadelphia-based equipment finance company and early adopter of innovative financing automation technology. Under the terms of the agreement, People’s United – which began life 175 years ago as a small savings bank in Bridgeport, Connecticut – will acquire approximately $730 million of LEAF's net investment in leases and loans, and retain approximately $250 million of its securitizations. Operating as a subsidiary of People’s United, LEAF will continue under its own brand and leadership to serve equipment leasing and finance markets distinct from, but complementary to, those served by People’s United. The deal is set to close in the third quarter of 2017.

BRIDGEPORT, CT., People’s United Bank, N.A. announced today that it has entered into an agreement to acquire LEAF Commercial Capital, Inc. Based in Philadelphia, PA, LEAF is one of the largest, independent commercial equipment finance companies in the U.S., with approximately $500 million of annual originations.

LEAF’s SVP, Portfolio Quality, John Beard and EVP & Chief Investment Officer, Dave English published an article on the Equipment Finance Advisor, Fighting Fraud in the Digital Age of Equipment Finance.

Approximately $426 million of asset-backed securities affected. Philadelphia, PA - November 16, 2015 - LEAF Commercial Capital, Inc. (“LEAF”), a leading independent equipment leasing and finance company headquartered in Philadelphia, PA, has announced that Moody's has upgraded five securities and affirmed sixteen others from the LEAF Receivables Funding, LLC, Series 2012-1, 2013-1 and 2015-1.

Philadelphia, PA - May 6, 2015 - LEAF Commercial Capital, Inc. (“LEAF”), a leading independent commercial equipment leasing and finance company headquartered in Philadelphia, PA, announced today, the closing of a new securitization transaction, LEAF 2015-1, which was completed on April 30, 2015.

Philadelphia, PA - November 14, 2014 - LEAF Commercial Capital, Inc. (“LEAF”), a specialized equipment leasing and finance company headquartered in Philadelphia, PA, has announced the promotion of Aimee Ridgway to the position of National Director of Sales for LEAF’s Business Technologies Finance Group, where Ms. Ridgway will be responsible for leading LEAF’s extensive sales organization in the technology, communications, building controls and systems furniture sectors.

Philadelphia, PA - October 23, 2014 - LEAF Commercial Capital, Inc. (“LEAF”), a specialized equipment leasing and finance company headquartered in Philadelphia, PA, was recently recognized as one of the Philadelphia region’s fastest growing privately held companies. The honor was bestowed by the Entrepreneur’s Forum of Greater Philadelphia in conjunction with the Philadelphia Business Journal and the Wharton Small Business Development Center.

Philadelphia, PA - July 23, 2014 - LEAF Commercial Capital, Inc. (“LEAF”), a specialized equipment leasing and finance company headquartered in Philadelphia, PA, has announced the launch of its new website www.LEAFnow.com.

Recent trends in the marketplace indicate that vendor financing programs — specifically captive and quasi-captive solutions — are changing. There are now many options that make it much easier for today’s vendor to deploy a comprehensive customer finance offering that yields virtually all of the benefits of a traditional captive with none of the challenges or risks.